Revolutionary Concepts Forecasts $30 Million in Revenues & $12 Million in Earnings From Global License of Its Patented Techno...
February 12 2014 - 2:55PM
Marketwired
Revolutionary Concepts Forecasts $30 Million in Revenues and $12
Million in Earnings From Global License of Its Patented Technology
Security System
CHARLOTTE, NC--(Marketwired - Feb 12, 2014) - Revolutionary
Concepts Inc., (OTCQB: REVO), a publicly traded company that
develops mobile video software and remote security communication
systems, is forecasting $20 million to $30 million in total
estimated annual revenues from the residual and ongoing licensing
fees and royalties that are projected to be generated from its new
global license agreement. REVO has filed formal notification of the
transaction on Form 8-K with the SEC.
REVO announced today that it signed a multi-year definitive
worldwide licensing agreement with a company for them to
commercialize REVO's patented "EyeTalk Communicator System". The
Licensee will pay REVO an up-front or pre-commercialization fee of
$900,000 in consideration, and the Licensee has plans to
commercialize and exploit the patents in the marketplace for the
maximum financial benefit for both companies.
Of the $20 to $30 million in total estimated annual revenues
projected to be generated from the marketing and exploitation of
the patents, the Licensee would receive 60% and REVO would receive
an estimated 40% of the total, or $8 to $12 million annually.
REVO's Senior Vice President Solomon Ali says, "We feel very
positive about the new partnership with our Licensee and the
potential revenues. The total forecasted annual revenues to be
generated is in the $20 to $30 million range. The potential
earnings for REVO is estimated at $8 to $12 million annually.
Although we cannot guarantee an actual valuation, according to
industry valuation standards using average P/E ratios from Standard
& Poor's, at a multiple of 15 times earnings, a valuation of
$120 to $180 million dollars is an estimate of the potential
additional market value of the earnings to REVO."
About Revolutionary Concepts Inc. REVO's primary business is the
design and development of the "EyeTalk Communicator" technology, a
mobile video, remote smart camera security technology. The system
is designed to provide nationwide protection and monitoring of
homes and businesses against multiple threats including robbery,
fire, theft, burglary and other intrusions through mobile phones,
wireless video and remote smart camera security technology. REVO
holds patented and patent pending applications that utilize the
technology in medical/healthcare, sporting events, child monitoring
and several other key areas. For more information visit
www.revolutionaryconceptsinc.com.
Safe Harbor Statement - There are matters discussed in this
media information that are forward looking statements within the
meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the
safe harbor created by those rules. Such statements are only
forecasts and actual events or results may differ materially from
those discussed. For a discussion of important factors which could
cause actual results to differ from the forward looking statements,
refer to Revolutionary Concepts Inc.'s most recent annual report
and accounts and other SEC filings. The company undertakes no
obligation to update publicly, or revise, forward looking
statements, whether as a result of new information, future events
or otherwise, except to the extent legally required.
For inquiries contact: Media Relations: Solomon Ali
704-837-5705